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The CEO of Agency Lab, Joel Kaplan, was invited to help create a contract for the viewers for free in a YouTube tutorial. They go through the entire contract, discussing the essential components and changes needed. Joel introduces himself as an expert in coaching SMMA owners to start, grow, and scale their agencies, having previously scaled his own SMMA to seven figures, generating 300K per month. It is recommended to watch the entire video for detailed insights on creating a successful agency contract.